COMPARISON OF REVENUE

Nelson Evening Mail, Volume LXXI, 29 March 1938, Page 6

COMPARISON OF REVENUE

FOR PAST THREE YEARS The chairman, iri referring again to the financial position of the board, said lie j bad been asked by Mr Mackay to submit further Figures in support of the state-1 ; ment he had made at the previous meet- 1 | ing, when his (the chairman’s) resolution I ; bad not even been seconded pro forma. He I bad a return prepared showing a com pari- . • .'■op. of revenue, received for tile past three j j years from wharf dues, which, he j | thought, would prove interesting in view oi bis previous comment on the board’s) financial position In 1934-35 the revenue amounted to I j £2372 18s 9d showing a nett profit of £275 j | 10. i Sd. In 1935-36 the revenue increas- ! i d to £2634 12s, with a profit, of £539 Is ! 10d While in 1936-37 a still further increase [ • ''as recorded—£2B46 5s lid with a profit of £546 18s 6d! This year the board; j would have to meet extra wages totall- i i ing £142 16s without taking into con- i ! sidei’atioii any other claims. Further! 1 they had not yet paid any interest on the j loan of £5,000 and when these and j other commitments were taken into consid- j j ei&ljon lie estimated that they would be called upon to meet an expenditure in ! round figures of £6OO. Vet they only j n ade a profit last year of £546 ißs 6dMr Rowling su’d Tie was not question- : ing the chairman’s figures; but lie was j not telling the whole story.j Mr Caider said they had expended money last year which would not be recurring Had this been taken into account? The chairman, continuing, said that at ; one stage the board had £3OOO on fixed i deposit— to-day it had nothing. “We I are running too close to the wind. I \ want to see the board in a better posi--1 lion than it is,’’ he added. ! Mr Harvey then moved that tlie wharfage be increased by sixpence per ton. M Mr Everett seconded the proposition j* Mr Rowling enquired if the chairman i j could tell members the apro.ximate cost of the training wall to date and how I much more it will cost to complete. ! The chairman said that up to 25th ' March 1938 it had cost £6,136 15s Id and i that lie thought it would be easily com. ■ j pleted for another £IOOO. i i.said that °tlie amount advanced to date Ijfioin the general fund for the work was i 1 £2.978 I The chairman said he was quite willing that the finance committee should go : j into tlie matter. • Mr Rowling remarked that he was not 'satisfied with the set of figures supplied • They did not disclose anything. I Mr Calder said it appealed to him. taking everything into consideration, they would have*£3.ooo in credit when the job Mr Rowling said there had been no ' analysis, of capital expenditure. The figures are true,” said the chair-j Mr Calder remarked “They want a little